Final Interest Payment on Old Subordinated Notes Sample Clauses

Final Interest Payment on Old Subordinated Notes. Notwithstanding anything to the contrary contained in the Note Purchase Agreement, the last Interest Period (as defined in the Note Purchase Agreement) for all Old Subordinated Notes being exchanged for New Subordinated Notes pursuant to this Agreement shall end on the day immediately preceding the Closing Date and as of such date no further interest shall accrue on such Old Subordinated Notes. All accrued and unpaid interest on the Old Subordinated Notes to be exchanged pursuant to this Agreement shall be treated as having accrued on the New Subordinated Notes and will be added to the first interest payment on the New Subordinated Notes.